Corporate Tax Cut

Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.

The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.

In 28 years, the government had gone for the highest cut by almost 10 percentage points in corporate tax rates for new manufacturing units in 2019-20. The mop up and ratio slipped to 2.77 per cent of GDP in 2019-20 on account of the cut in corporate tax rate.

Embattled British Prime Minister Liz Truss on Friday announced another drastic U-turn to her tax-slashing mini-budget last month which has prompted market turmoil, vowing to raise corporation tax after all.

Former Congress president Rahul Gandhi on Sunday accused the government of imposing high taxes on common people and reducing tax to its "friends".

Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014

Finance minister Nirmala Sitharaman on Saturday asked corporates to invest in the economy so that the virtuous cycle kicks in

Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...

State-owned oil marketing companies on Monday revised prices of the two auto fuels across the metro cities. As per the notification from Indian Oil Corporation, petrol and diesel prices were slashed between 13 paise to 16 paise respectively. In Delhi, petrol rates were cut by 14 paise bring down the price to Rs. 81.72 per litre from Rs. 81.86 per l...

Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT applicable to diesel to 16.75 per cent, which would bring down the price of the fuel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in ...

These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.

Virtually every industry, from banking and auto to real estate, power and telecom is in disarray. The fiscal space available to fight the slowdown is limited.

A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.

Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.

An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.

Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.

The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.

In 28 years, the government had gone for the highest cut by almost 10 percentage points in corporate tax rates for new manufacturing units in 2019-20. The mop up and ratio slipped to 2.77 per cent of GDP in 2019-20 on account of the cut in corporate tax rate.

Embattled British Prime Minister Liz Truss on Friday announced another drastic U-turn to her tax-slashing mini-budget last month which has prompted market turmoil, vowing to raise corporation tax after all.

Former Congress president Rahul Gandhi on Sunday accused the government of imposing high taxes on common people and reducing tax to its "friends".

Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014

Finance minister Nirmala Sitharaman on Saturday asked corporates to invest in the economy so that the virtuous cycle kicks in

Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...

State-owned oil marketing companies on Monday revised prices of the two auto fuels across the metro cities. As per the notification from Indian Oil Corporation, petrol and diesel prices were slashed between 13 paise to 16 paise respectively. In Delhi, petrol rates were cut by 14 paise bring down the price to Rs. 81.72 per litre from Rs. 81.86 per l...

Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT applicable to diesel to 16.75 per cent, which would bring down the price of the fuel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in ...

These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.

Virtually every industry, from banking and auto to real estate, power and telecom is in disarray. The fiscal space available to fight the slowdown is limited.

A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.

Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.

An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.